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Dec 3, 2012
12/12
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CURRENT
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the truth is our national debt began to skyrocket under george bush with medicare part d fiasco. year under year under george w. bush, deficit came in at $500 billion. it is finally year of 2007-2008 president obama inherited the mess of trillion dollar annual deficits but none of this has been caused by medicare or medicaid. >> obviously entitlements. those lazy 47 percenters. >> stephanie: maria and david gregory should know better. >> yeah, they do. they're both major news anchors of major news networks. >> they're paying them lots of money to say lies. >> stephanie: the real culprits are the lack of revenue caused by the tax cuts. oh, he sent a helpful pie chart as well. >> we love pie charts. >> we love pie. >> stephanie: i love pie charts and graphs. the military security -- >> pie charts ala mode. >> stephanie: responsible for more than half the remaining spending or the $1.3 trillion. if david gregory would correct guests, american public would know what the main drivers are. >> who would be infected by the top increase? i'm guessing dade gregory and maria bartolome mow.
the truth is our national debt began to skyrocket under george bush with medicare part d fiasco. year under year under george w. bush, deficit came in at $500 billion. it is finally year of 2007-2008 president obama inherited the mess of trillion dollar annual deficits but none of this has been caused by medicare or medicaid. >> obviously entitlements. those lazy 47 percenters. >> stephanie: maria and david gregory should know better. >> yeah, they do. they're both major news...
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Dec 5, 2012
12/12
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CURRENT
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president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes wit
president obama is meeting with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again...
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Dec 4, 2012
12/12
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MSNBCW
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we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets re-elected with less strength, not against a war hero but a guy from massachusetts, and the republicans have the house and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> okay. there are a couple things to unpack here. i want to go back to this question -- i think what i'm confused about is this kind of game of smoke and mirrors that seems to be pl
we were in this point two years ago when the same things were discussed with obama during the debt ceiling increase and at the end of the day, we ended up with $2.5 trillion in spending savings and not a dollar of tax increase. why? because obama overplayed his hand. he's doing it again. just as he did in 2008. he thought the country had given him a blank sheet of paper to work on. he did the stimulus spending. he went from 70% support down to below 50% and lost the house. now he gets...
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Dec 2, 2012
12/12
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FOXNEWSW
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when barack obama went out and overreached. this idea he should set the debt limit. if i were a republican, i would say stop everything. we're going to fight. >> i think the rep -- republicans have a communication problem. when the president gets up, he talks about middle class family and the ohio. i get it. then the republicans say, economy, and the debt ceiling, and the debt. it's not personal with what obama is saying. even in that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate and we saw that in the last election. but this president is not leading. we saw this in new jersey, where governor christie, and an $11 billion deficit. he had a fiscal cliff. he brought everybody in. he knew where the middle road was and -- >> he didn't fall off it. >> exactly. >> i'm joe smith. and i think that the dems want to raise taxes and the republicans want spending cuts, and as far as i'm concerned, i'd rather have the rich people pay taxes than me lose my entitlements. pat goodell can that work? >> people want at the rich to p
when barack obama went out and overreached. this idea he should set the debt limit. if i were a republican, i would say stop everything. we're going to fight. >> i think the rep -- republicans have a communication problem. when the president gets up, he talks about middle class family and the ohio. i get it. then the republicans say, economy, and the debt ceiling, and the debt. it's not personal with what obama is saying. even in that game he wins. >> i'm not sure the republicans...
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Dec 1, 2012
12/12
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CSPAN
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we have seen an utter lack of leadership from president obama and his allies on the left have shown very little to no willingness to tackle real structural entitlement reform. there is no manner of tax hike that can save medicare or medicaid. these programs can only be fixed with real reforms. some on the left say tinkering around the edges of medicare and medicaid would be enough, or that the health law is in touch and a perform. they argue we do not need to examine the structural problems. make no mistake about it then been shoring up medicare and medicaid will not be easy. the situation has become so severe, it is the only responsible course to take them back in just over a decade medicare will be bankrupt. medicare beneficiaries receive $3 in benefits for every $1 they pay into the system. that is while 10,000 more americans join this program every day. the number of workers supporting it has declined by over 18% over the last decade. the average family could give up its salary for the entire year, sell their house, and still not have enough to pay their share to secure medicare pend
we have seen an utter lack of leadership from president obama and his allies on the left have shown very little to no willingness to tackle real structural entitlement reform. there is no manner of tax hike that can save medicare or medicaid. these programs can only be fixed with real reforms. some on the left say tinkering around the edges of medicare and medicaid would be enough, or that the health law is in touch and a perform. they argue we do not need to examine the structural problems....
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Dec 6, 2012
12/12
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CURRENT
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. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm incredibly relieved to see rationality spreading throughout the republican party. he believes they are signalling interest in backing down on tax cuts for the wealthy. that's what representative welch said earlier on the show. he said they are going to cave. it's just a question of when. the president and boner talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by phone about the fiscal cliff. they provided no details about the negotiation, you k
. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm...
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Dec 1, 2012
12/12
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. >> do you support obama having the power to increase the debt limit? >> can you clarify something? when he talk about trillions of dollars in cuts , does that factor cuts in cluded in the sequester? >> in the budget control act, it calls for over $1 trillion in cuts. >> the president opposed to propose of wedlock in a certain amount for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion and affordable care act. we use that money to strengthen medicare and extend its life for almost a decade and to increase benefits for seniors now. is there more opportunity for that? yes. but not at the expense of an official years. there have been all kinds of -- but not at the expense of beneficiaries. >> st. mary's hospital is a catholic institution in san francisco. should they be required to adjust to this new health plan? >> the compromise is a reasonable one. >> madame leader? >> yes. >> would you support that if it is part of the package? >> i want the middle class to get a break. i wo
. >> do you support obama having the power to increase the debt limit? >> can you clarify something? when he talk about trillions of dollars in cuts , does that factor cuts in cluded in the sequester? >> in the budget control act, it calls for over $1 trillion in cuts. >> the president opposed to propose of wedlock in a certain amount for entitlement programs. do democrats support that? >> first of all, we do democrats, saw savings in medicare of over $700 billion...
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Dec 4, 2012
12/12
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KPIX
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there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich bringing in 1.6 trillion. republicans want to close tax loopholes and eliminate deductions to raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the "fiscal cliff." >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. susan mcginnis, cbs news, washington. >>> time now 4:40. santa comes early for some facing foreclosure. the promise being made to certain people struggling to keep their homes. >> plus the white house's worst fears. what the syrian government may try to do to its people. >> but a beer run gets ugly as fist flies. the suspects and the struggle coming up after the break. clerk got into a fist fightr beer. surveillance video shows a man apparently steag two cases of beer from the s statio >>> a south carolina convenience story lines clerk got into fistfight over a case of beer. a man is shown stealing two cases of beer from the gas
there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich bringing in 1.6 trillion. republicans want to close tax loopholes and eliminate deductions to raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the "fiscal cliff." >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. susan...
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Dec 3, 2012
12/12
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KCSM
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. >> but he wants to raise the debt ceiling. >> that is part of the leverage that republicans have -- >> the best leverage if they have. >> obama thinks he has all the cards, he thinks he is napoleon, or perhaps lbj after his landslide. obama won this election by three points. 95% of republicans in the house won by a larger margin. he has a mandate, they have a mandate, and they have offered to raise revenues, which is to raise taxes. what obama is after is one mark indicates -- he wants to make a political point that republicans are the party of the millionaires. if you look at it as it will attempt to fix our issues, if you do it the taxes he wants, racing on the top 2%, it brings in 8 cents on the dollar, and what it means is that the deficit will go from $1.10 trillion to $1.02 trillion. that is his solution to our fiscal problem. . >> i will point out numbers, arithmetic. the republicans lost the house race, lost the majority of americans voting and a house. they lost two seats in the senate. mitt romney got 47% of the popular vote. that, ladies and gentlemen, is a devastating de
. >> but he wants to raise the debt ceiling. >> that is part of the leverage that republicans have -- >> the best leverage if they have. >> obama thinks he has all the cards, he thinks he is napoleon, or perhaps lbj after his landslide. obama won this election by three points. 95% of republicans in the house won by a larger margin. he has a mandate, they have a mandate, and they have offered to raise revenues, which is to raise taxes. what obama is after is one mark...
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Nov 29, 2012
11/12
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KPIX
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little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big takeaway, scott, from the president's conversation on saturday with house speaker john boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president
little to resolve the 2010 debt ceiling crisis. but when mr. obama later skipped congressional meetings and campaigned to extend the 2% payroll tax cut and maintain lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first...
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Dec 2, 2012
12/12
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FOXNEWSW
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then the republicans stand up and say economy and the debt ceiling and the debt. you know, it's more personal with what obama is saying. even if that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate. we saw t that in the last election. this president is not leading. we saw this in new jersey where governor christie had 11 billion dollar deficit. he had a fiscal cliff. he knew where the middle road was, and he didn't it. >> he didn't fall off. >> exactly. that's what this president has to do. >> i'm joe smith and i think that the dems want to raise taxes and the republicans want spending cuts, and as far as i'm concerned, i'd rather have the rich people pay taxes than me to lose my entitlements. pat, can that ever work? >> well i think that's what most people think right now. they want the rich to pay more because maybe we should have them pay more. at the same time, they don't want the economy to go in the hole. the other thing is they don't want the country to go broke. what the republicans failed to do is what
then the republicans stand up and say economy and the debt ceiling and the debt. you know, it's more personal with what obama is saying. even if that game he wins. >> i'm not sure the republicans have done a great job in terms of how they communicate. we saw t that in the last election. this president is not leading. we saw this in new jersey where governor christie had 11 billion dollar deficit. he had a fiscal cliff. he knew where the middle road was, and he didn't it. >> he...
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Dec 6, 2012
12/12
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CSPAN2
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the fiscal cliff and the debt ceiling. this is about five minutes. >> andrew taylor covers congress for the associated press. there were some attempts by mitch mcconnell to get roll-call votes on the president's debt plan and his fiscal cliff plan and the debt ceiling plan. what was he trying to do? >> guest: he was trying to embarrass the democrats. for instance, the president's plan on the debt ceiling was basically allowing the president to request whatever increases without the approval of congress and he thought that would embarrass democrats if they had to vote for it particularly endangered ones. >> sounded like leader reid took the bait. how the democrats respond? >> guest: there are a lot in politics going on here. we just talked about politics from mcconnell's side. democrats are aware that even if they allow -- even if they get the republicans to crumble on raising tax rates for upper bracket people there is still going to be a need next year, say march, to increase the debt limit and that was what john boehner
the fiscal cliff and the debt ceiling. this is about five minutes. >> andrew taylor covers congress for the associated press. there were some attempts by mitch mcconnell to get roll-call votes on the president's debt plan and his fiscal cliff plan and the debt ceiling plan. what was he trying to do? >> guest: he was trying to embarrass the democrats. for instance, the president's plan on the debt ceiling was basically allowing the president to request whatever increases without the...
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on their own weight secession supporters like bernard first some say washington's weight of growing debt and loose wars government intrusion and a broken immigration system has become a bipartisan destructive force is beyond reform you can't reform that federal government whether it's the republicans in charge or obama basically the republicans are just as bad as far as we're concerned there are other corrupt and are out of touch in southern former confederate states like north carolina culture and social issues play a big role for those like harold cruz who believes the us is too big and thus destined to fail and the south. different country already united states. government we have different values different belief systems critics have dismissed secessionists as disgruntled voters angry over president obama's second term however and that's your thousand a presidential election obama became the first democrat in more than thirty years to win north carolina a red state turned blue with the promise of change four years later tens of thousands of voters in the very same state believe they'
on their own weight secession supporters like bernard first some say washington's weight of growing debt and loose wars government intrusion and a broken immigration system has become a bipartisan destructive force is beyond reform you can't reform that federal government whether it's the republicans in charge or obama basically the republicans are just as bad as far as we're concerned there are other corrupt and are out of touch in southern former confederate states like north carolina culture...
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Nov 30, 2012
11/12
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FBC
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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Dec 6, 2012
12/12
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CSPAN2
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>> they've started out last year when they were working on the debt ceiling and they had buber called the merlot and nicorette meeting come in other words, boehner would have a merlot and obama which you nicorette. >> you point out in the boat somehow when they took the official photo, both of the spanish. >> yes, they had iced tea for obama. of course boehner had a cigarette and they put the cigarette in the ashtray away from the picture. but they haven't closed the deal on the personal relations and that's a shame. i think somebody said this month during your breakfast, you should sponsor a weekly dinner between obama and honor and everyone would agree to pay for it and let them talk and get to know each other. [inaudible] >> john collingwood. that's right. what do you think? [inaudible] [laughter] >> a special round? well, you know it's a personal relationships, when john was the sba spokesman, he was often not helpful, but you could always talk to him and get him on the phone and if you have a good story, he would confirm it by laughing. a deep laugh that you run the right track.
>> they've started out last year when they were working on the debt ceiling and they had buber called the merlot and nicorette meeting come in other words, boehner would have a merlot and obama which you nicorette. >> you point out in the boat somehow when they took the official photo, both of the spanish. >> yes, they had iced tea for obama. of course boehner had a cigarette and they put the cigarette in the ashtray away from the picture. but they haven't closed the deal on...
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Nov 30, 2012
11/12
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CNBC
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every central bank in the world is seeking to weaken its currency, monetize its debt. so strong structural arguments why you should buy gold in any currency. >> president obama will continue to press republicans to let tax cuts expire for people make more than $250,000 a year. reports say the president's opening wid in budget talks calls for $1.6 trillion tax increase. that plan whether he had to sharp comments from both sides of the political aisle. >> now is the time for republicans to you've past this happy talk about revenues ill defined of course and put specifics on the table. the president has made his proposal. >> what we don't know is what the white house is willing to do it get serious about solving our debt crisis. >> if more, we're joined by mark zandi, chief economist at moody's analytics who is here in london. welcome. >> thank you. >> so the fiscal cliff issue, end of the year is looming. we saw the response to this opening gambit by president obama. how likely is it that this is the final plan put forward, what elements do you expect to be most critical
every central bank in the world is seeking to weaken its currency, monetize its debt. so strong structural arguments why you should buy gold in any currency. >> president obama will continue to press republicans to let tax cuts expire for people make more than $250,000 a year. reports say the president's opening wid in budget talks calls for $1.6 trillion tax increase. that plan whether he had to sharp comments from both sides of the political aisle. >> now is the time for...
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Dec 7, 2012
12/12
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CSPAN
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eye 150
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president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laura is in louisville, kentucky, on the independent line. caller: good morning. what bothers me is when people say they actually can not find work and they have been on unemployment for 20 months, whatever they can get, and i will tell you my husband lost his job five years ago. he was with a company for 23 years. immediately we went into survival mode. we thought about what we could do to reduce bills, simplify our lifestyle in case he could not find a job, and in between he took jobs well below his skill level, temporary work -- whenever he
president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance...
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working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it will be a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contributi
working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou:...
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Dec 6, 2012
12/12
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CSPAN2
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>> well, they started out last year when they were working on the debt ceiling, and they had what are calledded the merlot and nicorette's meetings. in other words, boehner would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in the ashtray away for the picture, but they have not closed the deal on the personal relations, and that's a shame. i think if somebody, instead of sponsoring your breakfast and all, sponsor a weekly dinner between obama and boehner and everyone would agree to pay for it and let them just talk and get to know each other and see, you know, it's -- >> how much -- >> oh, that's right. what do you think? >> i think that's a great idea. [inaudible] a special room. >> i'm not sure -- [inaudible] >> yeah, okay, but, well, you know, but, i, you know, personal relationships, when john was the fbi spokensman, he was not helpful, but you could talk to him, get him
>> well, they started out last year when they were working on the debt ceiling, and they had what are calledded the merlot and nicorette's meetings. in other words, boehner would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in the ashtray away for the picture, but...
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Nov 30, 2012
11/12
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CURRENT
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economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. still to be negotiated. mr. obama also wants emergency unemployment benefits and a temporary payroll tax holiday extended along with the infrastructure spending and mortgage relief, the price tag for the president's stimulus bill could rise to $50 billion or more. after meeting with secretary geithner, speaker boehner said he didn't see any sign of compromise from the white house. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> eliot: no sooner had boehner finished then senate majority leader harry reid took the podium to challenge republicans to come up with their own plan. >> we're saying extend the tax cuts for middle class. as part of that, of course, we
economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. still to be negotiated. mr. obama also wants emergency unemployment benefits and a temporary payroll tax holiday extended along with the infrastructure spending and mortgage relief, the price tag for the president's stimulus bill could rise to $50 billion or more. after meeting with...
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Dec 3, 2012
12/12
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last one read obama takes a hard line on debt. and the script read that might be news to some people. according to most who are fairly analyzing this. wanted to clarify that because the graphic suggested that was in the post piece which it wasn't. welcome to cable news. >> that was in the comic section. mark? >> i do think the president is taking a hard line on debt. by rolling back the bush era tax cuts, he's suggesting making the tax cuts permanent for 98% of americans, middle class americans. just rolling back the tax cuts for the wealthy he avoids having a trillion dollar added to the national debt. i'll take issue with something tony said saying the president doesn't necessarily have a mandate. the american people voted. there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's n
last one read obama takes a hard line on debt. and the script read that might be news to some people. according to most who are fairly analyzing this. wanted to clarify that because the graphic suggested that was in the post piece which it wasn't. welcome to cable news. >> that was in the comic section. mark? >> i do think the president is taking a hard line on debt. by rolling back the bush era tax cuts, he's suggesting making the tax cuts permanent for 98% of americans, middle...
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and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans ha
and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending...
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Dec 6, 2012
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they want to push off negotiations until the debt ceiling vote next year. president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we've got to break that habit before it starts. >> treasury secretary tim geithner also made it very clear, this is no game. he spoke with cnbc about holding the line with tax increases for the top 2%. >> if republicans do not agree
they want to push off negotiations until the debt ceiling vote next year. president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to...
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Dec 1, 2012
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president obama's opening bid to the republicans goes like this. first democrats get a trillion dollars in tax revenue by letting the high-income bush tax expire. that hatch matches the spending cuts in the 2011 debt ceiling deal. a trillion for a trillion. then dem krts and republicans get 6 billion worth of stuff they want. democrats get 6 billion from tax reform and republicans get 600 billion in spending cuts of which 350 mill billon comes from medicare and other health problems and 250 billion comes from elsewhere. then we draw down wars in iraq and afghanistan, shaving another trillion off of the deficit. that gets us to around 4 trillion in deficit over the next ten years. we are almost at 5 trillion in deficit reduction. as they sign the game shows, that's not all. the white house is also asking for about 200 billion in stimulus. according to the weekly standard, when senate minority leader mitch mcconnell saw the proposal, he quote, burst into laughter. he literally lol 'd. >> i've been very guarded in what i wanted to say. i didn't want i
president obama's opening bid to the republicans goes like this. first democrats get a trillion dollars in tax revenue by letting the high-income bush tax expire. that hatch matches the spending cuts in the 2011 debt ceiling deal. a trillion for a trillion. then dem krts and republicans get 6 billion worth of stuff they want. democrats get 6 billion from tax reform and republicans get 600 billion in spending cuts of which 350 mill billon comes from medicare and other health problems and 250...
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Dec 4, 2012
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, the debt, almost doubled under this administration, under president obama. and that has to be a part of this. that is where the republicans are insisting that we have a spending cuts and entitlement reforms that will got america on the right track moving forward. jenna: congresswoman, such a big topic. we only brushed the surface of it. we look forward to having you back to talk more about it. thank you so much. >> thank you. jon: right now a potentially explosive new development in the trayvon martin shooting case. lawyers for george zimmerman, releasing this photo. it shows the accused shooter with a bloody nose taken on the night of the deadly shooting. zimmerman as you might recall faces second-degree murder charges in the death of this man, 17-year-old trayvon martin. zimmerman claims he shot the teen in self-defense during a violent struggle and martin inflicted the bloody nose. does this change the arc of this case? let's talk about it with lose we will, fox news analyst and crystal panich a criminal defense attorney. the shooting happened and that ph
, the debt, almost doubled under this administration, under president obama. and that has to be a part of this. that is where the republicans are insisting that we have a spending cuts and entitlement reforms that will got america on the right track moving forward. jenna: congresswoman, such a big topic. we only brushed the surface of it. we look forward to having you back to talk more about it. thank you so much. >> thank you. jon: right now a potentially explosive new development in the...
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it is a bailout we heard president obama talk about capping those interest rates that are going up. they have doubled in many circumstances. they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it. this is a huge problem in this country nearly a trillion dollars in outstanding student debt right now. 956 billion on the table. >> so what is the solution? >> they certainly -- -- the president has talked about interest rates are a big problem right now. record survey shows more than 50 percent of 18 to 24-year-olds are moving into their parents when they grad kuwauate college. they have capped the interest rates for give them for a certain amount of time or forgive a certain amount of debt or back off at issuing the federal loans patti. let the loans go more private maybe then we won't have c
it is a bailout we heard president obama talk about capping those interest rates that are going up. they have doubled in many circumstances. they could tax them. they could for give those interest rates all together or they have seen talked about for giving some of these students loans that exist out there today. because 93 percent of all student loans in the last year were issued by the government you are talking about taxpayers ofrnt hook for this. as it goes away we are all paying for it....
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. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surprising. on the show, basically all of the cuts that are coming january 1st are part of the dnc platform except for raising taxes on the middle class which would be $2000 per family under $250,000 income. why would this be a smart thing to do. because january when congress is back
. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve:...
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Dec 5, 2012
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obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that. >> they're the only ones that will do it. they're threatening to do that. in fact, they're scheduled to vote to do that, to change the rules in a way that's never been done before. it's been threatened before, but nobody's ever pulled the trigger on it. it looks like they're willing to pull the trigger to get what they want which is a majority rule to be able to force things down the throats of the american people that they don't want. >> if he gets his revenue but makes no structural change in the way we do business, i mean, if there's no effort to do th
obama is looking -- is taking a page out of their book. the two things he wants to do is number one, you mentioned before. no congressional approval of a debt ceiling, and second, and they're going to do this one, it looks like, unless some rational democratic senators come to their aid which is change the rules of the senate to make 51 votes all that is necessary to pass a bill in the united states senate. it will eliminate by and large the filibuster. >> every majority wants to do that....
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the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse. find those pictures and our conversation with a software developer who set out to visualize the 24-hour cycle of urban public transit systems. that's on our homepage. an international telecommunications conference in dubai aims to set new rules for the internet. what's at stake? we take a look in the rundown. and on making sense, economics correspondent paul solman argues both sides of the capital gains tax debate. all that and more is on our website newshour.pbs.org. judy? >> woodruff: and that's the
the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the...